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Gilgal1 said:
Can only agree with Jimmy T.
Our place has lots of water leakage (and other) problems and insufficient funds to fix them – caused by years of neglect. I live in fear that someone will demand a similar payment before we can fix everything.
Only a couple of days ago my spouse threatened to ‘sue the strata’ if the leak affecting our balcony isn’t fixed soon (we’ve already had our carpet replaced several years ago, after being inundated by a serious leak in another unit that affected most units on our floor). I had to point out that we’ve got engineering reports and are well on our way to repairing all the leaks, not just ours, hopefully in the new year.
Thank you Gilgal, a lesson for me in all this is that owner’s don’t do themselves or the OC any advantage by waiting till things can be afforded or take their course. We have worked diligently with our HOW claim and the insurer has taken their time and resisted us on many turns (ultimately agreeing). In hindsight I think the OC should have raised the funds (Around $2M) and completed the repairs while pursuing the insurance claim to the fullest. A hard call but the disruption to everyone and the heartache over all these years is terrrible. Some owners have passed away waiting for the “dream” to be realised!